Wednesday, 14 September 2011

Wellesley Residence: Comes at A Price

     The grand entrance...

Would you buy a condo unit in Butterworth area at RM300psf? You may think that it is a bit ridiculous. Well, from 2 blocks of total 401 units available on sales for Wellesley Residence, almost 50% have been snapped up before official launch. So, what's your say? Now everyone's mind is like: if you don't take it now, you will have to pay a higher price later.

     Luxury design...

Almost similar to the "Endah series" of condos at Seri Petaling, Selangor, PJ Development now has another go at Harbour Place, Butterworth.

    The roads in Harbour Place are rather narrow

Wellesley Residence is the latest addition to this "Butterworth's first metro city" Harbour Place. Currently other condos Park View and Sea View are already completed, and the construction on Ocean View is at full throttle and is near completion. 

     Green space

As I mention in earlier post, the average new condo price in Butterworth is around RM200psf. Nevertheless, Harbour Place does has its winning edge. It is a well-planned mega project mixed with residential and commercial units. The Swiss garden Hotel is expected to start construction end of this year.

     Swimming pool surrounded with greens...

Harbour Place provides easy access to ferry terminal, future Penang Sentral and BORR (Butterworth Outer Ring Road) and thus to Penang bridge and Prai Industrial area. Currently it is surrounded by lots of kampung houses but I believe they will give way for development in the future.

    Location map of Harbour Place

Wellesley Residence offers a wide range of sizes. There are 650sq ft studio, 900sq ft & 1100sq ft with 2 bedrooms, 1300sq ft with 3 bedrooms and penthouse. The studio unit comes with laminated timber flooring in the living room, dining area and bedroom. It starts from RM195,000 at the moment. Maintenance fees is at 20sen psf.

    Relaxing by the pool...

After the completion of Wellesley Residence, there will be not less than 1400 condo units in this area, and there is still a residential condo project pending. Is it too congested? Will there be an issue of oversupply?

    The artist impression is really nice

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